Sweden’s unemployment rate dropped to its lowest level in five months in November, after remaining steady in the previous month, data from the Swedish Public Employment Services showed Friday.
The jobless rate fell to 4.1 percent from 4.2 percent seen in both September and October. The figure was in line with economists’ expectations. A year ago, the rate was 4.4 percent.
The latest unemployment rate equaled the figure registered in June and was the lowest since May, when it was 3.9 percent.
The registered unemployment rate was 7.9 percent in November, unchanged from the previous month. It was the highest rate since April. In the same month last year, the figure was 8.5 percent.
The number of registered unemployed were 374,000 persons in November, which was 27,500 persons less than last year.
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